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Search resuls for: "Susan Heavey Doina Chiacu"


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WASHINGTON, May 17 (Reuters) - President Joe Biden and top U.S. congressional Republican Kevin McCarthy on Wednesday underscored their determination to reach a deal soon to raise the federal government's $31.4 trillion debt ceiling and avoid an economically catastrophic default. Asked by reporters at the Capitol whether it's possible to reach a debt ceiling deal by the time Biden returns from Asia on Sunday, McCarthy replied, "It's doable." On Tuesday, Biden and McCarthy met for about an hour at the White House with Senate Majority Leader Chuck Schumer, Senate Republican leader Mitch McConnell and House Democratic leader Hakeem Jeffries. Biden plans a news conference in Hiroshima on Sunday before leaving to return to Washington, a White House official said. WORK REQUIREMENTSNegotiations are continuing over the longevity of any deal, work requirements for aid programs for the poor, including food subsidies, and spending caps.
WASHINGTON, May 17 (Reuters) - President Joe Biden and top U.S. congressional Republican Kevin McCarthy said on Wednesday they aimed to reach a deal by Sunday to raise the federal government's $31.4 trillion debt ceiling and avoid an economically catastrophic default. "We're going to come together because there's no alternative," Biden told reporters at the White House. Asked by reporters at the Capitol whether it's possible to reach a debt ceiling deal by the time Biden returns from a trip to Asia on Sunday, McCarthy replied, "It's doable. On Tuesday, Biden and McCarthy met for about an hour at the White House with Senate Majority Leader Chuck Schumer, Senate Republican leader Mitch McConnell and House Democratic leader Hakeem Jeffries. Asked on CNN if Biden wanted the debt limit agreement to last through 2025, White House spokesperson Karinne Jean-Pierre declined to answer.
"I think at the end of the day, we do not have a debt default," the Republican congressman said in an interview with CNBC. Financial markets appeared to be buoyed by Tuesday's discussions as McCarthy joined McConnell and the White House in pledging the U.S. would not fail to pay its debt obligations. WORK REQUIREMENTSNegotiations are continuing over the longevity of any deal, work requirements for aid programs for the poor, including food subsidies, and spending caps. Asked on CNN if Biden wanted the debt limit agreement to last through 2025, Jean-Pierre declined to answer. She also did not give details on negotiations over expanding work requirements for the two programs that provide food and cash aid to low-income families, which Republicans want to see included as part of a deal.
WASHINGTON, May 4 (Reuters) - The United States dismissed Russia's allegation on Thursday that Washington was behind what it said was a drone attack on the Kremlin, saying Moscow's assertion was a lie. "Obviously it's a ludicrous claim," White House national security spokesman John Kirby said hours after Russia blamed the United States for what it called an attack aimed at killing President Vladimir Putin. "The United States has nothing to do with it. We don't even know exactly what happened here, but I can assure you the United States had no role in it whatsoever," Kirby said on CNN. Putin's spokesman, Dmitry Peskov, said the United States was "undoubtedly" behind the alleged attack on Wednesday, without providing evidence.
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